Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Elroy who wrote (358258)	11/13/2007 9:45:37 AM
From: Road Walker	Read Replies (1) of 1573592

?? The homestead exemption deducts $25k from the annual valuation basis used for taxation of the primary residence? Yes. Then a 3% per year cap on valuation increases for taxation basis for the primary residences - that one makes sense. Yes but mostly no... I've lived in my house 15 years, so my taxes are real low. Some moved into the 'hood and have equivalent houses and pay double what I pay, for the same services. Should holding a house for a long period make that much of a difference? The other negative effect is that it makes it very hard to move... my taxes would double. Bad for real estate sales (and subsequent vales). And I guess neither of those applies to non-primary housing? How do they go about determining whether a given home/condo/swamp in Florida is a primary residence or not? You have to sign up for the homestead exemption... I guess when they send out the new tax bill they just check if it's a new owner... then go "Bam!" with a huge tax bill increase.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next